Conoco Putting Oil Before Gas - Wall Street Journal

ConocoPhillips, which posted a 60% increase in fourth-quarter earnings, said Wednesday it plans to continue shifting its production in North America from natural gas to more profitable oil.

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Conoco Chief Financial Officer Jeff Sheets said in an interview that the shift from natural gas to oil production reflects the company's view that gas prices will remain depressed in the near future while oil prices will continue strong in the long term.

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Conoco Putting Oil Before Gas - Wall Street Journal